Jack Bogle’s legacy has further to go
“Take a stand for all investors, treat them fairly, and give them the best chance for investment success”. A rare and impressive legacy for a financial pioneer.
How many times are we told that the best investment strategy is to buy and hold forever? How often do we scorn the decision-making process of wealth managers on the knowledge that passive investing can generate greater returns? And how regularly do we bemoan the costs of the ‘elitist’ investment industry? The answer to all those questions, is constantly. But despite the mountains of evidence on the best way to invest and build wealth for the future, most people still do the opposite. In 1974 Jack Bogle took a bigger step than anyone ever had before (or has done since)…